SBP cuts policy rate by 2.5pc as inflation declines faster than expectations
KARACHI – The Monetary Policy Committee of the State Bank of Pakistan on Monday revised down the policy rate by 250 basis points to 15 percent, effective from November 5, 2024.
The Committee noted that inflation has declined faster than expected and has reached close to its medium-term target range in October. The Committee assessed that the tight monetary policy stance continues to play an important role in sustaining the downward trend in inflation. Moreover, a sharp decline in food inflation, favourable global oil prices and absence of expected adjustments in gas tariffs and PDL rates have accelerated the pace of disinflation in recent months.
Taking into account the inherent risks associated with these factors, the MPC assessed that the near-term inflation may remain volatile before stabilizing within the target range.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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